The Management Discussion and Analysis Report, which gives a detailed state of affairs of the Company’s operations form a part of this Annual Report as stipulated under Regulation 34(3) read with Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
31. CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:
As the Company has not carried out any business operations during the year under review as the plant of the Company is closed, hence the point regarding conservation of energy is not relevant to the Company, however, still the Company is making best possible efforts for conservation of energy, which assures that the computers and all other equipments if purchased by the Company strictly adhere to environmental standards, and they make optimum utilization of energy.
During the year, the total foreign exchange expenses was Rs. 2,17,767/-.
32. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
The Company is continuously in touch with respective authorities for completion of procedure for transfer of funds lying unpaid or unclaimed for a period of seven years to Investor Education and Protection Fund (IEPF).
33. ACKNOWLEDGEMENT
The Directors would like to thank all shareholders, bankers and everybody else with whose help, cooperation and hard work the Company is able to achieve the results. The Directors would also like to place on record their appreciation of the dedicated efforts put in by the employees of the Company.
For and on behalf of the Board of Directors INDU NISSAN OXO CHEMICAL INDUSTRIES LIMITED
Place: Mumbai | Mehool Bhuva |
Date: July 21, 2016 | Managing Director |
[DIN: 00520892] | |
Bantwal Mallya | |
Director | |
[DIN: 00377057] |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.